ReconCiliation of Gaap Financial Information to Non-Gaap Financial Information American Airlines Group Inc. (The Company) UseTimes Financial Measuse that is deriv. ED From the Condense Consolidated Financial Statements But that are not present in obcordance with gaap to Understand and Evaluate Its Currenting PerformanceAnd to Allow for Period-To-Period Comparisons. The Company Believes the Non-Gaap Financial Measures May Also PROVIDE USEFUL Information To Investors and Others. T Hese Non-Gaap Measures May Not Be Comparable to Similaly Titled Non-Gaap Measures of Other Companies,And Should be considered in adDition to, and not as a substitute for or superior to, any Measure of Performance, Cash Flow or Liquidity in Accordance With Gaa P. The Company is Providing A Reconciliation of Reported Non-Gaap Financial Measures to their Comparable FinancialMeasures on a gaap basis.
The tables below present the reconciliations of the footowing gaapmes to their non-gaap measure:
-Operting Income (Gaap Measure) to Operating Income EXCluding Network Items (NON-GAAP MeAsure)
-Operting Margin (GAAP MeAsure) to Operating Margin Excluding Network Network items (Non-Gaap Measure)
-Pre-Tax Income (LOSS) (Gaap Measure) to Pre-Tax Income (Loss) Excluding Net Special items (NON-GAAP Measure)
-Pre-Tax Margin (GAAP MEASURE) to Pre-Tax Margin Excluding Network Network items (Non-Gaap Measure)
-NET Income (Loss) (Gaap Measure) to network (Loss) Excluding Net Special itms (NON-GAAP MeAsure)
-Basic and Diluted Earnings (Loss) Per Share (Gaap Measure) to Basic and Diluted Earnings (Loss) Per Share Excluding NET SPECIAL Items (NON-GAAP Measure)Ahmedabad Investment
Management used the thedese non-gaap Financial Measures to Evaluate the Company’s Current Operation Performance and To Allow-TO-Period Comparisons. Al items may all vary from period-to-period in nature and amount, the adjustment to excede expiral itemsAllows Management An ADDITIONAL TOOL TOOL THE UNDERSTAND The Company’s Core Operation Performance.
Additionally, The Tables Below Present the Recallations of Total Operation Costs (Gaap Measure) To Total Operating Costs Excluding Net SPEMS and FUEL AAP Measure) and Total Operating Costs Per ASM (Casm) to Casm Excluding Net Special items and fuel.Management UseSTS Total Operating Costs Excluding Net Special items and Fuel and Casm Excluding NET SPEMS and Fu Evaluate The Company’s Currentin G Performance and for Period-to-Period Comparisons.Comparability of Period-To-Period Financial Performance. The Adjustment to Exclude Fuel and Net Special items management an adDitional to UNDERSTAND A ND Analyze the Company’s Non-Fuel Costs and Core Operation Performance. Reconciliation of Operating Income Excluding Net Special items 3 Months
Ended march 31, percent
Increase 2024 2023 (DeCRease) (In Millions) Operation Income As Reported $ 7 $ 438 Operation Net Special items: MainLine Operation Special items, net (1) 70 13 Operation Income EXCluding Net Special items $ 77 $ 451 (83.0%) Calculation of Operating Margin Operating IncomeAs Reported $ 7 $ 438 Total Operating Revenues As Reported $ 12,570 $ 12,189 Operating Margin 0.1
%3.6
%Calcuration of Operation Margin Excluding Net Special items operating Income Excluding Network $ 12,189 operating margin expluding network items 0.6 0.6
%3.7
%Reconciliation of Pre-Tax Income (LOSS) Excluding Net Special items Pre-Tax Income (LOSS) As Reported $ (413) $ 17 Pre-Tax NET SPEMS: MainLine G Special items, net (1) 70 13 nonoperateing special items,Net (2) 46 15 Total Pre-Tax Net Special items 116 28 Pre-Tax Income (Loss) Excluding Net Special items $ (297) $ 45 NM Calculation of Pre-Tax Margin Pre-Tax (Loss) As Reported $ (413) $ 17 Total Operation Revenues As Reported $ 12,570 $ 12,189 Pre-Tax Margin (3.3%) 0.1%Calculation of Pre-Tax Margin Excluding NET SPEMS Pre-Tax Income ss) Excluding Network Items $ (297) $ 45 Total Operating Revenues As Reported$ 12,570 $ 12,189 Pre-Tax Margin Excluding Net Special items (2.40%) 0.4%3 Months EndededKolkata Stocks
March 31, Percent
Incream reconciliation of network (Loss) Excluding Net Special items 2024 2023 (DeCRease) As Reported $ (312) $ 10 Network Items: Total Pre-Tax Networkitems (1), (2) 116 28 net tax effect of network items (30) (5) Net Income (Loss) Excluding network items $ (226) $ 33 nm reconcillaning of basic and d Iluted Earnings (Loss) Per Share ExcludingNet Special items network (Loss) Excluding Net Special items $ (226) $ 33 shares use for computation: Basic 655,847 652, 000 DiluTD 655,847 656,707 Earnings (Loss) Per Share Excluding Network Network items: Basic $ (0.34) $ 0.05 Diluted$ (0.34) $ 0.05 Reconciliation of Total Operating Costs Per ASM Excluding NET SPECIAL Items and Fuel Total Operating Expenses AS Reported ET Special items: Mainline Operating Special items, net (1) (70) (13) Total Operating Expense Excluding NETSPECIAL items 12,493 11,738 Aircraft Fuel and Related Taxes (2,980) (3,167) Total Operating Expense Excluding Net Special items and FUEL $ 9,513 $ 8,57 1 (in CentS) Total Operating Expense Per ASM AS Reported 17.82 18.08 Operating NET SPECIAL items Per ASM: Mainline Operating Items, Net (1) (0.02) (0.02) Total Operating Expense Per ASM Excluding Net Special items 17.72 18.06 AIRCRAFT Fuel and Related Taxes Per ASM (4.87) Total OP ERATING Expense Per ASM Excluding Network Items and Fuel 13.49 13.18 Note:Amounts May Not Recalulating Due to Rounding. Footnotes: (1) The 2024 First Quarter Mainline Operating Special items, Net Principally Included $ 57 Million of One-Time Charges Resulting From the Ratication of a New Collective Bargaining with Mainline Passenger E team members, including a one-time signing bonus. (2) Principally Included Mark-to-Market NetworkLosses Associated with Certain Equity Investments.Hyderabad Investment
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